Evening Star Newspaper, November 19, 1928, Page 14

FINANCIAL,” FTNANCTAT. THREE HIGH MARKS ON EXCHANGE HERE Park Savings Declares Extra Dividend—Gains Noted in Money Market. 11 s First Mortgage Loans * 1 nwest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. e Mortgages Investments JAMES Y PENNEBAKER Main5328 1520K St. N.W. a8 EVENING STAR, 'WASHINGTON’. D. C., MONDAY, NOVEMBER 19,: 1928 NEW YORK STOCK EXCHANGE | (STOCKS IRREGULAR | ' Recelved by Private Wire Direct to The Star Offce { Com . lete InVeStment e IN TRADING TODAY || " ; 194 194 1 Low. Cl 621 63% | MetroG pf(1.89) Mexican Seah Miami Cop(1). Mid-Continent. | Middle States. Mid States ctfs. Midland pf (1 Miller Rubber. Minn & St Louis. Minn SIP&SSM. Mo Kan & Tex. . Mo K&Tex pf(7) Missouri Pacific. Missouri Pac pf. Mohwk Car 2% . Montgmry W 15 Moon Motor. ... Mother Lo(30c). Motion Pic Corp. Motor Meter A.. Motor Prod(2) Motor Whi(1214" Mullins Mg, Munsingwr (3 Murray Corp.... Murray Corp rts Nash Motrs(t6). Nat Acme(sta). . Nat Bellas Hess. Natl Biseult(17) Nat Cash R A(3) Nat Dairy ($3). Nat Dept Stores. Nat D St 1st(7). t Distillers. .. t namel &S. t Lead(5). ... Davison Chem. . Debenhms(2.91) Del & Hud(9). .. Del L & W(17).. Den RG Wn pf.. Detroit Ed(8)... Detrait Ed (rts) Devoe A (13.20). Dome Mines(1). Drug Inc(4).... Dunhill Int(4) Dupont(+13.50) . . Cieats | Dug Lt 1st(5).. .. 79 | Bastman(18). 94 | Eaton Axle(2) 49 | EatonAxle(rts: 62% | Eisenlohr&Bro. . 3% | Eitingn pf(6%). 83% | Elec Auto L(4). 9% [ Electric Boat... 8% | ElecPow&Lt(1). 25 | Elec P&Lt pf(7) 232 | Elec Stor Bat(5) 124 125 |Elk Horn.. 143% 148% | End-John(5). ... 11% 11% | Bndicott pf(7) 40 43% | Eng Pub Ser(1). 24 24 |EngPuSpf(5). 78 78 |Equit Bldg(2).. 136% 136% | BquitableTr(12) 18 18 |ErieRR.. 36 3614 | Erle 1st pf 445 441 | Brie 2d pf. L (L4 | Eureka V(1%). . % 116 Falrbanks(3). 1aw 1% | peaLight(n1.40) 15% 15y | Federal M & Sm. 1 % | Fed Min pf(7). . g Ked MotT(f80¢). i Fidelity-Ihoenx First NatS(14). Risk Rubhe; Rub 1st pf. Wisk 1R 1st pl e Kleischmann Florsheim (A) Foundation Co Fox Film A(4).. Freeport (1615). and Quotations Delayed i Brokerage Service Owing to the volume of trading on the New York Stock Exchange today, the tape was swamped, and closing quotations were not available for this edition of The Star. The closing quotations will found in the 5:30 edition. Open. High. 38y 5% 202 2202 16% 16 54% 5dw 8% 8% 119% 119% 9% 9T 438 440 1011 101% 1881 188% 58 58 jMarket Fails to Show Buoy- ! ancy—Radio Is Feature of Closing Rally. | 4; Copy of our “Fortmightly Review” | furnished om request 101% 185 Abitibi Pow (4). Aoitibi Po pf(6) Adams EX p£(5) Adv Rumley.... Adv Rumley pf. Ahumada Lead. Air Redctn (13) Ajax Rubber. Aiaska Junea. Albany Papr(2). Allied Chem, ... 234 234 Allied Cm pf(7). 124 125 Allis-Chalm(7). 143% 148% Amal Leather... 11% 11% Amerada(2).... 40 437 Am Agricul Chm 24% 26 Am AgriChpf.. 78% 79% Am Bk Note (2), 136% 136% Am Beet Sugar 18 18 Am Bosch Am Br Sh(J1.1 Am Brown Bov. . Am Can(2). LOANS BY EDWARD C. STONE. Three new high marks were scored on the Washington Stock Exchange today jas the week's trading opened. Twenty shares of Washington Gas Light sold at 106 for the first time, the last pre- vious sale being re- corded at 10514, Sixty shares of Peoples Drug Stores preferred moved at 125, a gain over the last previous sale of 3 points. The other new high was made by Lanston Monotype, which opened at 118 and closed at 118}, the day's, turnover being an | even 100 shares. 3 hf m al rke ! opened with 43 chares. of Capitat - C Glover. Jr. Traction selling at 106'%. Several frac- | tionai sales i s National Bank ~ | warrants took 3 5. The old stock sold at 57 considera- | ivity in Mergenthaler Linotype, | stock opening and closing at 1007,. 5 . Columbia Sand & Gravel came out at | Am Internati( 130° 1305 92 and closed at 913;. Two hundred | Am LaFr&Foam 8% 8 shares of National Mortgage & Invest- (Am Linsd pt(7). 159% 159% BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, November 19.—A sen- sational advance in Radlo in the last half hour of today's stock market ses- sion was the signal for a rally which ended a day of irregular and uncertain price movements. Radio, which had fluctuated around the preceding close in the earlier trad- ing, suddenly jumped to a new high, with 323 bid 20 minutes before the end. Other strong features were Anaconda, May Department Stores, a few of the rails and some of the oils. Most of the day the selling predominated, but the declines never went very far. It was evident that the appetite of the out- side public for stocks had not been appeased, and it was equally plain that professionals were realizing in large volume. The opening showed more losses than alvances, but there was the usuall sprinkling of new highs. Montgomery Ward added 4 more points Lo its former top in the first few minute: although selling off afterws Department Stores came out in a large block. up a couple of points and at a .. Inew peak. Packard Motors, for some | time now the favorite in the automobile | group. made its new high directly at the | | start and then, like Montgomery Ward, sold off easily. There were other comparatively G. M.-P. MURPHY & CoO. Members of New York Stock Ezchange 1508 H Street Connecticut at K WASHINGTON, D. C. Telephone Main 9600 Let us have your applications | 94 “LOANS ON REAL ESTATE Immediate Action Courteous Treatment Our record of 35 years speaks for itself. Percy H. Russell Co. 1731 K St. N.W. 1% 56 55 110% 110% ne 1 1% 12% 41% 41% 107% 107T% New York Private Wire and Telephone to New York Richmond T Equitable Co-Operative Building Ass'n JOHN JOY EDSON, Organized 18% SERERTE et $5,513,051.63 14% 14% 115% 116% .« 141% 141% 96 96%3 45% 45% 1% 12 7% 3 Mortgage Money Loaned At Low Interest Rates . Tyler & Rutherford | Representing Mutual Benefit Life Ins. Co { 1520 K Street Main 475 &Fdy(6) Am Chicle (2) Am Drugsoe). . 178% 184 101% 101% . . 9 President WALTER S. PRATT, Jr., Secretary 48th YEAR COMPLETED Assets Surplus & Profits Subscription for the 96th Issue of Stock Being Received ( G & SLLR) ., Washington Invest- (125%). UL pf(h). ment House desires Save Systematically in the Equitable Norfolk South. . salesmen for High Grade Banking and Public Utility stocks. Commission, with drawing account to those making satisfactory record. ble l the [ Apply in Person Between 2 and 4 P.M. Suite 200 Southern Building — 1 i | | ! i T R REAL ESTATE NOTES Secured by First Trusts Conservative Appraisals Chosen Locations 6* Sotorout WEM.B_BBO REALTORS 809 15th Street N.W. Over a Third of a Century’s A “fifl“‘“ : Themselves It requires trained judg- ment and competent facili- ties to operate an apart- ment to the satisfaction of tenants and with profit to the owner. We have had over a third of a century’s experi- ence, meeting successfully practically every problem that can arise. B EoSAULLCO, Main 2100 925 15th St. NW, Second Trust Notes We will buy your Second Trust Note if desirably secured on im- proved property in the District of Columbia. Prompt Attention to Applications National Mortgage & Investment Corporation 1004 Vermont Ave. N.W. Main 5833 N REAL ESTATE LOANS 519 Homes, Apartments and Business Properties In District of Columbia’ and Nearby Maryland-Virginia 3-5-10-Year Terms Prompt Replies Randall H. Hagner & Co. (Incorporated) Decatur 3600 1321 Connecticut Avenue Mortgage Loan Correspondent New York Life Insurance Co. ment preferred registered 53, shares of Potomac Electric Power 6 per cent preferred came out at 111!, and the market closed with the only bond sale of the day, Cosmos Club 4l;s, changing hands at 90. It was reported on the exchange that { the vice president, Edward L. Hillyer, {had been operated upon in a local hos- pital this morning. An expression of | sympathy was passed. Reports Money Market Improving. ‘The Federal Reserve Board's Novem- spite the highest level of rates, recent conditions in the mone: been ‘“somewhat easer. ‘The early Autumn peak of credit demand has been passed, the bulletin says, without causing the banks to increase their bor- rowings at the Reserve banks. Pressure of the high rates, it is de- clared, has been felt most by operators in the security. market and least by persons engaged in trade and industry. This was because the “rise in rates dur- ing the past year has been larger for loans on the Stock Exchange than for other open market loans, while the advance in rates charged to commer- cial customers has been still smaller.” “The present high level of money rates,” the bulletin declared, “reflects the combined effect on the money mar- ket of a large loss of gold and of a firm money policy by the Reserve banks during a period in which the voludme of bank credit continued to ex- pan Park Savings Declares Extra. ‘The directors of the Park Savings Bank have declare of 5 per cent, accl ment by Robert S. Stunz, vice presi- dent and cashier. The directors also voted to transfer $25,000 from undivided profits to surplus, making the savings bank's present surplus $150,000. This is the bank which recently paid a 100 per cent stock dividend to its share- holders. Peoples’ Drug Dividends Voted. ‘The directors of Peoples’ Drug Stores, Inc., have declared the regular quar- terly dividends of 25 cents on the com- mon, payable January 2 to stockhold- ers of record December 8, and $1.62'2 on the 6, per cent preferred, payable December 15 to stock of .record De- cember 1. The preferred stock is on the Washington Exchange and the commory on the New York Curb. The last reports showed a steady increase in sales. Completes Two Terms Service. Charles Carroll Glover, jr., member of the investment firm of Flather, is this week completing his second term as president of the Wash- ington Stock Exchange. The annual meeting takes place Wednesday and it is understood that Mr. Glover does not wish re-election. He is one of the best known younger financiers in the city. His father, Charles C. Glover, sr,, one of Washington’s outstanding figures for half a century, is new seri- ously ill at his residence on Massa- chusetts avenue across from American University. Institute Theater Party Tonight. ‘This will be a big night for Wash- ington Chapter, American Institute of Ba.nklni,‘ as the annual theater party takes place at Poli's with “The Silent House” as ‘the attraction. The play opened here last night and made a decidedly favorable impression. A full house is expected this evening whan city and their friends will turn out to enjoy the show and help the institute’s expenses. Heard in Financial District. J. William Harrington of W. B. Hibbs Am Locomot(8). Am Loco ptf (7). . A Machine (15% Am Metals(3) Am P AmP&L (] Am Pow pfista) AmPo&L pf(8). Am Radiator(5). Am Ry Ex(6). Am Republig.... Am Saf Raz.rs). Am Seating(3).. Am Ship & Com. ber bulleton, just issued, says that, de- | Am Smelting(8) 284% 284% Am S &R pf(7). market have | AM SLuff(12)... 185% 185 Am Stl Fdys(3). Am Sugar. Am Sugar pf(7). Am Sumatra (3) Am Tel & Tel(9) Am Tobacco(8). Am Tobac B(8). Am Tob pf(6). Am TypeFo(8).. AmWWE&EI(cl). Am Woolen. Am Woolen pf Am Writ Pa ctfs Am Zi Am Zinc pf. Anaconda(4).... Andes Copr 75¢. . Archer-Dan(3).. Armour Del pf 7 Armour 111(A) Armour 111(B). . Armour 111 pf(7) Arnold Con & Co Artloom(3)..... AssoDryG(2%). Archison(10). an extra dividend | Atchison pf(5).. 104% 104% 104% 104% ding to announce- | Atl Coast L(110) 1721 172t 1724 1721 Atl Gulf & W1. Atl Gulf pt(3) Atlantic Ref (1), AtlasPowder(4). Austin-Nichols. . Aus Cred(1.49). . Auto Sales...... Auto Sales pf(3) Balto & O(6). ... Balto & O pf(4). Bang & Ar(3%). Barker Bros(z). Barnet Leather. Barnsdall A (2), Bayuk Cgrs (2). Beacon Oil...... Beecn-Nut (3)., Belding-Hemwy . Belg N R pf(16). Best & Co(3).... Berhlehem Steel. Beth Steel pf(7) Bloomingdale. .. Bon Ami A(4).. Booth Fisheries, Glover & | Borden Milk(6). 171 Botany Mills (A} Briggs MfgFCo. British Empire. Bklyn-Man pf(6) BklynUnGas (5). BrownShoe(23) Brunswick B(3) Bruzswick Ter. . Bueyrus(1)..... Bucyrus ev(214) Burns Bros(B). Burroughs(i4) Bush Term(g2). Butte Cop & Zine Butte & Sup(2). Butterick Co, Calif Pack(4)... Callahan Zinc. .. 3% 3% many of the leading bankers in the | Calumet&Ar(6). 123% 123'/‘. 121 Calu & Hecla (4) Can Dry (t4%). Can Pacific(10) . Canon Mills 2.80. Case Threshg (6) Cent Alloy(2) 159% 159% 103% 108% 1z 112 o SR ) 50% 51 13 13 814 Bl 851 85% 102 102% 189 189 128% 129 2% 14 Fuller pr pf(6). Gabriel Snub A.. Gardner Motor Gen Am Tnk(4). Gen Asphalt, Gen Cable...... Gen Cable A(4).. Gen Cigars(4).. GenCigars pf(7). Gen Elec(th). .. GenElec sp(60c) Gen GasA (01%) Gen GasB(el%) 104% 1041 1z 112 178% 1784 50% 51 13 13 8% 82 851 85% 1021 10215 191% 191% 1281, 129 4% 4% oo 107 6o 70 33 83 325 3 s i U % | Gen tcocrm(a). 280 283y | Gen Motors 1934 1374 137 | Gen Mot (New). 1851 18515 | Gen Mot pe(7). . 4% 6615 | Gen Outdr Ad(4) 83" 8515 |Gen Ry SIg(5).. 106% 10715 | Gen Refrac(x). . 80" ‘o0 | Gillette S R(cBY. 195 197y | Gimbel Bros. 177 177 137% 1374 68 68% 84 84%, 107% 1073 60 60 196 197% 179% 179% 179% 180 120% 120% 139 139 64 64 24% 26% b59% 14 Gimbl Br pf(7).. Glidden Co...... L0t 1aoté| Gobel (Adolph) 139 159% | Gold Dust (5). .. Sa S2% 1 Goodrich pt( 59% e1s | Goodyear Tire. . - Goodyr 1st pf (1) o Gotham (32%). . 1001201 100 Gothamn v 32 u}g&. 109% 104 a?fin;‘.'ii'.i’:l‘:(, . gl li Granby-Min(4). Grand F&W (1). 100% 109% Grant W T (1).. Grasselli (2.68). Grt North pf(5). Gt Nor pf cfs(5) Gt NoOrcfs2%. Grt Wn Sug2.80. Greene Cana(4). Guantanamo Su. 86% 86% 86% 86% 43% 44 43% 43% 32% 32% 32% 82% 5674 56% 55% 201% 201% 200% 2014 48% 48% 484 48% 501 50, Gulf Mo & Nor.. 554 88 bare bink | Gulf StatSt(4). 88 88 88% 88l |Hack pfA(1%). 6% 6% 6% 6l | Hartmn B(1.20). 61% 61% 61% 61% | Hershey Corp. 16! 17 16 16% | Hershey pf(4) 36 37 56 37 |Hollnd Fur 12%. 116 8 116% 115% 1163 | Household(14)., 7818 v 72 72 29% 20 25 24 AT 4% 4TH 47%4 108 106 103 106 |Illinois Cen(7) 22% 22% 22 22 |IlCentpf(6). 86% 86% 86 86% InAOi (1%).... 14 14 14 14 |Indian Mot ( 85% 85% 85 85 |Indian Refining. 9% 97% 96% 96% | Indian Refg ctfs 80 81% 78% 81% |Ind Ref pf(7).. 121% 1213 121 121 |Indust Rayon. 46% 45% 45% 45% | Ingersoll R(15). 74 74 74 74 |Inland S(ki63%). 114 11% 10% 11 |Inspiration Cop. 171% 167 167 |InterboroRapTr. 17 17 17 17 |lnterconRubber. b4 5:’/. 53% b4 Houston Oil. Hud Man(2% Hudson Mot (5). Hupp Mot(£2).. 69% 67 67 90% 90% 90% 90% |Int Com Eng(2). 169% 169% 169% 169% | Int Harv(j6).... 4T 4T% 47 47 |IntHarvpr(7).. 53% 5413 53% 54l | Int Mtch pf 3.20, a1 43 | Int Mer Marine 35% 35% 35% 35% | Int Mer Mar pt 45% 4b% 441 441y | Int Nickel (3)... 34 34 33% 33w |Int Paper(2.40). 172% 172% 172% 172% | IntPap efs(2.40) % 71% 71 71 |Int Paperpf(6). 9 9 8% 8 |In Pappfcfs(7). 10% 10% 10 10% | Int Paper«a)... 44% 4415 443 44 | Inter Paper B, 163% 163% 158 158 | Inter Paper C 9% 95 94 94 llnzfingmkz%- nt Ry Cent Am, % 75 75 |intSilver.. 3% nga llntT-l&Tal(fl). ls nterstate D S 231 236" 231 286" | 1sland Creek(4). 45 45% 4bv 45% | Jewel Tea (15).. 429 447 429 447 |Johns-Manv(3). 44% 44% 431, 431 | Jones Tea. . & Co., one of the best known brokers |Cen Ry NJ(112). 832 3334 332 333y | Jordan Motor, in the city, has been confined to his|Cerrode Pas(5). 106% 108% 105 home for several days with an attack of pneumonia. J. William Roberts, manager of the K street branch of the Security Sav- ings & Commercial Bank, has returned from a week's vacation passed in southern Maryland, where he found the hunting especially good. Edward J. McQuade, vice president of the Liberty National Bank and a director in-the Mergenthaler Linotype Co., leaves here tonight to attend the directors’ meeting in New York tomor- row and the annual meeting on Wed- nesday. Mergenthaler stock is so large- 1y held here that the annayl report is always awaited with lnt,eres‘fi Thomas W. Brahany of Crane, Parris & Co. has returned to his office after several days’ illness with neuritis. Auditors Invite Bank Presidents. _Local bank presidents have been in- vited by J. Dann Faber, president of the Bank Auditors and _Controllers’ Conference, to attend the meeting Wednesday at the University Club, when Deputy Controller of the Cur- rency E. H. Gough will speak. This or- ganization 1s soon to become a part of the District Bankers' Association and the banks have been asked to name representatives to assist in forming the new section. These representatives also have been asked to this week’s open meeting. GERMAN BONDS AND STOCKS. Spectal Dispatch to The Star. NEW YORK, November 19 — Ger Govt Red Loan with draw Do Asked: RM. 60.00 40.00 M 36. oliars per million ‘marks.) . 2000 30.00 Berlin 4s pre-war. .. Hamburg 35, 315 & 45 Hamburg American Line 41 North German Lioyd 4/gs. 55 1931, . o5 3338 o-wi 5 (Quoted in A E G (Ger Ge Elec 53 A E G (Ger Ge Elec) pfd Bl Commerz and Privat Bank.. » it RO P 333337 333333333 ey 2223333333333 8383333333 ..“.n._o... 83888 aEaEaEE ks Rudolph Karstadt........ weiee .00 » Certaln-Teed (4) Chandler-Clev, Chandler-Cl pf.. C& O Corpn(3). Ches & Ohio(10) Chi & Alten..... Chi & Alton pf. Chi & East I11 pt Chi Great West. Chi Gt West pt.. Chi Mil & St P. Chi Mil & StP pf Chi & Nwn4).. Chi Pne Tool(6) . Chi R1&Pac(6). . Chickasha(3)... Childs(2.40).... Chile Copper(3). Chrysler(3).... City St B5% stk Cluett-Peab(5). Coca-Cola(6)... Collias & Afkmn. Col Fuel & Iron. Col & Southn(3) Col Gas & EI(5). Col G&E pfA(6) Columbia Graph Col Carbon (4). . Columb Carb rts Com Cred(1).... Com Inv Tr($4). Com Invst(rts). Com Inv (war).. Comm Solv (j8). Com Power({3). Congoleum-Nair Cong Cgrs (16). Consul Cgrs(7). ConCigprpf(6%) Con Film pf(2). Consol Gas(5).. ConsolGaspf(5) . ConRRCuba pf 6 Consol Textile. . Container B 60c. Cont Baking A.. Cont Baking B.. Cont Bak pf(8). Cont Can(5) . Cont Insur( Contl Mot(80¢c). CornsxBank(20) Corn Pro(t3%). ‘rucible St1(5).. Crucible pf(7).. CubaCaneSugar. Cuba Cane Su pf Cuba Company.. Cuyban Am S(1). Cuban Dom Sug. Cudahy Pkg(4). Curtiss Aero(1). Cutlr-Ham(3%) Cuyamel Frultss 4 1311% Kan City South. . - ufmn DS 1%. 18% 20 18% 20 KnysarJ\S).* 27 28% 27 28% | Keith-Albee..... 2% T2% 1% 72% | Keith-Al p£(7).. 198 198 198 198 |Kelly-Spring... 1L 11 10% 10% | Kelly Tire 6%pt. 184 18% 184 | Kelly Tire 8%pf 64 64 64% | Kels Hayes(2).. 14% 14% 154 | Kelvinator Corp. 354 34% 34% | Kennecott(6)... 35% 34% 34% | Kinney (G R)... 53% 52% 52% | Kolster Radio. .. 91% 91% 90% 90% | Kraft(g1%).... 147 147% 147 147% | Kresge(11.60). 135 135 134 134 |Kresge DS pf... Kreuger & Toll. . 6% 68% 661 63% | Lugnon oo, 131% 132% 128% 129% | Lambert 107 107 106% 106% | Lee Tire & Rub. 72% 2% 72 12 |Leh Por Cmt2% 1M 170 170% | LehighVal(3%). 59% 59% 59 59 | Lehn & Fink(3). 9% T9% 77% 7T9% | Life Sav(1.60).. 110 110 110 110 |1ig Myers(15).. 128% 129% 128% 120% | Lig & Myrs B 15 106% 107 106% 107 | Lig & M pt(7)... 70% 71 67% 71 |Lima Locomtve. 98% 104% 97% 104% | Liq Carb (t4%). 2% 3% 2% 34| Loew’s Inc (2) 53 b54% 62 4% | Loew's pr(6% Lioft. 31 31 130% 133% 130 . 133% 8 8% 8 8%|Loose-W(l. 25 26 256 |Lorillard Co.. 228% 228% 226% 227% | Loriilard pf(7) . 3% 93% 91% 91% | Louisiana Oil. .. 28% 29% 28% 29% | Louls GasA 1.75. % 73% 73% 73w | Louis & Nash(7) S i e T8 T im BE(8) .« 96 96 96 |McAndrews 2.60. 25% 25% 25% | McCall Corp(3). 93 90% 92 | McCrory B(2). 99% 99% 99% | Melntyre P(1).. 5% 75% 75% 75% | McKeespt Tin Pl 4% 4% 4% 4% | MeKes&Ro 1.60. 11 11% 10% 11%|McKsnpf A3%. 37% 38% 87% 38% | Mack Truck(6). L 86% 87 86% Mad Sq Gar(2).. 123% 123% 121 122% | Magma Cop(3).. 887% 89% 88% 89% | Mallison & Co... 19% 20% 19% 20% | Mandel(2%) 765 770 765 770 | Man Elec Suply. 90 92% 90 92 |Man El m2g(db) 802 300 300 |Man Shirt(2)... 114 Market St prior. 5% [ Marlan Oil...... 16% | Marlin-R(13%). 26 | Martin-Parry... 17 | Mathieson(6). .. 6% | May Dept S(4).. 16% 16% 16% 24% 26% 24w 16% 17 16% 64 6 6% 68% 68% 68% 139 139 136 62 621 62 624 Maytagpf(3)... 8% 08% 068, 68 MengelCo., I Goodrich(4).... .1 52 691 25% Howe Sound(4). 1 83% % 140 140 37% 26 34% 30 165% 136 984 % 3% 100 6 38% 195 139% 128% 34 . 134% 20 51% 2% . 114 19% 169% 102 28% 90% 48% 48% » 34% 34% 34k 34% USDistribuing 69% 25% 837% T4% 140 140 38% 165% 136 100 5% 3T 100 6 384 1956 141% 50% 92% 62 84% 75 37T% 128% 34% 134% 21% 54% 58% 51% T2% 114% 20% 6% 16% 169% 107% 29 90% 18% 141% 501 90 617% 84% 75 36% 125% Norf & Wn(110) NorAm b10%stk North Am pf(3). NorAm Ed pf(7) North Pac(s)... Nor Pac cfs(5) rwalk Tire. Nunnally Co.... Oil Well Supply. Omnibus. OppmColl Otis Elevatr 8. Otis Steel...... Otis Stl pr pf(7) Outlet Co(4).... Owens Bot(ct4). Pacific Gas(2).. Pac Lightg (3) Pac Oii Stubs. .. Packard M 151 . Pan-Am Petrolm Pan-Amer Pet B. Pan-Am Wn B. Panhandle. Paramount-F-L Park & Til(13).. ) Patino M(2.92) Peerless Motor. . Penick & Ford. . Penn C&Coke. .. Penn Dixie Cmt., Penn RR(33%).. Pere Marq(18) .. Pere Marq pf(5) Phila&RC&I. Phil Morris(1).. PhillipsPet(114) Pillsbry pf(61%) Pierce-Arrow. ... Pierce-Arrow pf Pierce Oil. . Pierce Ofl pf. Plerce Petrolm. . Pillsbury (12.10) Pitts Coal. Pitts Coal pf. PortoRICOTODA . PortoRicoTobB. Postal T&C pf 7. Postum(3)...... Pressed Stl Car. Pr Stl Car pf(7). Produ & Refinrs. Pub Serv NJ(2)4 Pub Serv pf(6).. Pub 8 NJ pf(7) Pub § NJ pf(8). . Pub SE&G pf(6) Pullman Co(4).. Punta Aleg Sug. Pure 011 (1). Purity Bak(3).. PurityBak pf(6) Real Silk Hos. .. Remingtn-Rand. Reo Mot (11%). Repl&S(4).... Reynolds Spngs. Rep 1.& 8 pf(7). ReynldsTobB(5) RhineWE(1.92). Richtield O11(2). Rossia Ins(5)... Royal D(a3.222). Royal Dutch rts. St Jos Leaau13). StL & SanF(18). StL&SanF pf(6) StL&Southwest. Savage Arms(2) Schulte (j3%2).. Seab Air Line. Seagrave(el.20). Sears-Roe($2%) Seneca Copper. Shattuck FG(2 Shell Un(1.40). Shubert The(5). Stmmons Co(3). Simms Pete. Sloss-Shef(6). Sloss-Shf pf(7). Snider Packg Co Snider Pkg pf... SoPoRicS 121 South Calif Ed. . South Dairies A. South Dairies B. South Pac(6) South Ry(8). South Ry pf(5). Spang Chalfnt. Spicer Mfg.. Spiegel Co (3). Std Com To(f1). StAG&E (3%). Std G & E pf(4). Std O of Cal(13) StdOIINJ (t1%). StdO{INY(1.60). Std Plate Glass. StdSanPro(1.68) Staniey C . Stewart-War(6) Strom Car(2)... Studetaker(5) . Submarine Boat. Sun Ol (g1). Superior Oil.... Superior Steel. .. Sweets of Amer. Symington. Symington Telautogh(80c). Tenn Copper(1). Texas Corpn(3). TexasGulfSul(4) Texas & Pac(5). Tex Pac C & Ofl. Tex Ld Tr(new) Thatcher Mfg. .. Thatchr pf 3.60. . The Fair(2.40).. Third Avenue. .. Thomp J R(3.60) Tidewater AsOil TidWAsOilpf(6) TidewatrO (80c) Tide W Oil pf(5) (| Timken R B(6). 4 | Tobac Prod (8). 16% 163% 107% 28% 8! 90 920 Tobac Prod A(7) Transcont Oil... Trico Prod(2%). Twin City RaTr. Undwd-EI1 F (4). Un Bag & Paper, Union Carb(6). Un Ol Cal(2) Union Pac(10). Un Pacific pf(4) Utd Biscuit 1.60, Utd Cigar St(1). Utd Elec Coal. .. Utd Fruit(t5%). Utd Paperboard. U S Cast Ir Pipe 48% 48% USCIP 1st1.20. 18 164 8615 58314 10132 101% 109t 1107 104% 1074 5% 5% 18% 16% * | side situation to account for the evident strong_spots during the forenoon ses- sion. Most of them were in the oil or rail groups. Shell Union set a new high for the year at 38, and New Haven | was in active demand up over two oints. Pennsylvania did better for a time. All these, however, were excep- tions. Most active stocks were in sup- ly and gave way. p;’l‘here was nothing new in the out- liquidation. Money renewed at 62 per cent, the banks called loans and funds were not in especially good supply, but that has happened many times before witiout influencing the market in the slightest. There was nothing unfavor able in the trade news. The only differ- ence was in the emphasis placed on the need for caution, even in quarters | which had been most optimistic dur- ing the long rise. ‘The selling affected the motors most. Chrysler dropped 2 to 3 points. Nash sold off about as much and more easily. General Motors was down & point or so and Hudson was lower. Mack Trucks, on the other hand, was actively bought around the high of the movement. Among general industrials Sears Roe- buck, Westinghouse Electric, Vanadium, National Bellas Hess, General Electric and stocks of that caliber declined 2 to 3 points, not a large loss considering the extent of the rise and not one in itself to arouse any apprehension. United States Steel dipped below 170, against its recent high (‘111 172%,. Bethlehem was | better supported. Some cl}pthe utilities reacted with the | rest of the list. They included North American and Columbia Gas. On the other hand, American Telephone & | Telegraph sold higher, responding to the argument that it was far behind other investment stocks of equal merit. Sales ran at the rate of over a mil- lion an hour and although not quite up to the record-breaking days of last week, | the tape was 35 minutes late at noon. ige CRAbn Montgomery Ward Stock Increase. CHICAGO, November 19 (#).—Mont- gomery Ward & Co. stockholders today voted to increase the shares of common stock from 1,285,000 to 6,000,000 shares at no par value. The board of directors, in special ses- sion, followed the action of the stock- holders by authorizing the offering of two new shares of the common stock | at $35 in the ratio of two new shares | for each one share owned by stockhold- | ers of record November 30. i FEDERAL LAND BANK BONDS| Special Dispatch to The Star. NEW YORK, November 19.— Bid. Asked | b 96% | 19530p33. 10 Bank 4%s Jan. 19540p34. Bank 4%s July 19540p34. d Bank 5s Nov. 1941op3l... 1 Bank 55 May 19410p31 Open. High. Distrib pf(7) 80% Hofftman(4). 47% Alcohol(5).. 1256% Alchohol rts Leather 32% Leather 55% Us us 7% Us 4 125% 126% us 6 5 6 us us . U S Lea pr pf(7) 10 us us us us us Us u 32% 33 55% 55% Realty(4)... 83% Rubber. . 38% Tub 1st pf.. Smelt(3%).. Sm pf(3%). Steel(7).... S Steel pf(7).. U S Tobaceo(3) . Uni Leaf Tob(3) Univ Pipe & Rad 23% Util P&L A(e2). 42 Vanadium (74).. 103% Vick Chem(4)... 173 Victor Talkg(4). 125% Victor pr pf(7).. 107 Va-Caro Chem.. 20% Vir-CarCh pf(6) 63% Vivaudou Co. 1% Wabash..... 78 Wabash pf A(5). 93% Waldorf(13)... 2% Walworth(1.20). 23% Ward Baking B.. 16% Ward Bak pf(7). 80% Warner Bros Pic 128% Warner Pic A Warner-Qu(2) . Warren Bros(4). 6614 5T% 54 171% 169% 170% 141% 141% 141% 100% 100% 100% 84% 84 84 | 234 28% 41% 43% 100% 101% 73 3 123 % 107 20 61% 1% 8 93% 81% Wes O&Sno pf. 105% West Dairy B... 29 West Maryland. West Md 2d pf. . West Pacific. ... West Pacific pf. West Union(8).. 194% Westhse A B(2). 51% Westinghse(4). . 137! Weston Electric, Weston A(2). White Eagle( White Mot(1) WhitRek cfs(2). White Sew Mach White SM pf(4). Wilcox Oi1 & G. Willys Ovi L Willys-Ovd pt 7 Wilson & Co. ... Wilson & Co pf. Woolworth(5).. Worthn Pump. . Worth Pump(A) Worth Pump(B) Wright Aero(2). 199% Wrigley (13%). 76% Yale&Twne(15). 65 Yellow Truck... 36% Young Spring.. 5dl4 54% 53% Youngstn Sh(5). 99% 99% 98% Hourly Sales on N. Y. Market. 1lam., 942500 12m... 1718100 1pm.. 2454400 2 pm: 100 Dividend rates as given in the above table are the annual cash payinents based on the latest auarterly or half-yearly declarations. * Umit of trading less than 100 shares. 1 Partly extra. I Plus 4% in stock. $3 in preferred stock. § Plus 1 & Paid this year—no regular rat able in stock. ¢ Plus 5 80 80 105% 105% 28% 28% 42% 43% 42% 42y 31% 31% 55% 554 1917% 191% 16% 51% 4 134% 137 22% 22% 3315 331 34% 34% 43% 38% 2 11% 65 216 6% 65 364 64% 35% 54% 98% 'in stock. h | stock.” & 1 share aquarterls {n fiock, m Pavavle 1/10 share auarterls in : Stores common stock. 1%% in stock. ey v - No matter what you are saving for ... a home, old age, your ch dren’s education . you'll find the Equi table’s systematic save ings plan a great help. Start NOW and watch it grow. Your savings will ac- cumulate more rapidly if deposited in the Equi- table’s systematic plan of savings. Come in and let us explain about the plan. APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the Disitict of Columbi and adjacent suburbs in Montgome: and Prince Georges Counties, u? 5% INTEREST Apply to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY OF AMERICA 1001 15th St. N.W. Main 8100 Capital, Surplus & Undivided Profits, Over $2,000,000.00 In Every Problem —of personal or business finance, there is available for you at The Metropolitan, not only friendly counsel, but practical assistance to the limit of sound banking. " We've served Washington over a century and want to serve you. National Metropolitan 114 Bank 114 Years Years 15th St. opp. U. S. Treasury “ Conference with our offi- cers is cordially invited. 3% Paid on Savings old Oud gl UNLIMITED Funds for LOANS On Improved Real Estate In Nearbs Maryland. Virginia and the District of Columbia For Periods of 3,5 or 10 Years Low Interest Rates and Charges BOSS=PHELPS . Founded 1907 1417 K St. Main 9300 Loan Correspondent John Hancock Mutual Life Insurance Co. O nmun%nm o Sixteenth Street Residence Directly Opposite the Scottish Rite Temple FINE semi-detached residence on Sixteenth street, con- taining 16 rooms and 5 baths, beautifully decorated throughout. 6-car garage with chauffeur’s quarters. This property is for sale at a very attractive price, as owger has left the city and desires an immediate sale. To inspect —phone Main 5027 Q23 NewYork, Ave. and REALTOR 1237 Wisconsin Ave.